EUR/CAD – 30M – SELL

Next a ‘Double bottom chart pattern’ chart pattern is detected. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards

A bearish movement downwards to the next support level at is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.61728 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

Next a ‘Three Line Strike – Bullish’ candlestick chart pattern is discovered. The candles show ‘Three Line Strike – Bullish’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).

1.61728 – 1.62103 – 1.61666 – 1.61434 – 1.6146 – 1.61479 —
1.61873 – 1.61841 —
65.786511539796 – 55.422329679239 —
– —
1.61728 – 1767934800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Line Strike – Bullish – Double bottom chart pattern – – – – – – – –